Warehouse rates for LME plastics warrants cut by nearly 60%Warehouse rates for LME plastics warrants cut by nearly 60%

One of the London Metal Exchange’s (LME) licensed warehouse operators will dramatically reduce its maximum published rents for the storage of plastics held on LME Warrant, cutting them by almost 60%. Effective Jan, 5, 2010, The Henry Bath Group (Liverpool) will lower the storage rents for polypropylene (PP) and linear low-density polyethylene (LLDPE) from the current rate of $0.54/tonne/day to $0.22/tonne/per day at the Antwerp (Belgium) and Baton Rouge/Houston delivery locations.